JAPAN

Fact sheets are updated biannually; August and February

General information
Capital: Tokyo Head of State
Land area: 364,560 sq km HM Emperor Naruhito
Official language(s): Japanese Head of Government
Population: 126.5 million (2018) Prime Minister HE Mr Shinzo Abe
Currency: Yen

Economic indicators (a) 2014 2015 2016 2017 2018 2019

GDP (US$b) (current prices) 4,850.4 4,389.5 4,926.7 4,860.0 4,971.9 5,176.2
GDP per capita (US$) 38,156.3 34,568.9 38,804.9 38,344.0 39,305.8 41,021.2
GDP PPP (Int'l $b) 5,021.5 5,137.3 5,225.1 5,427.1 5,594.5 5,749.6
GDP per capita PPP (Int'l $) 39,502.3 40,458.2 41,155.2 42,818.7 44,227.2 45,565.0
Real GDP growth (% change yoy) 0.4 1.2 0.6 1.9 0.8 1.0
Current account balance (US$b) 36.8 136.4 194.9 196.1 174.1 180.4
Current account balance (% GDP) 0.8 3.1 4.0 4.0 3.5 3.5
Inflation (% change yoy) 2.8 0.8 -0.1 0.5 1.0 1.1
Unemployment (% labour force) 3.6 3.4 3.1 2.8 2.4 2.4

Australia's trade and investment relationship with Japan (b)

Australian merchandise trade with Japan, 2018 (A$m) Total share Rank Growth (yoy)
Exports to Japan 56,281 16.3% 2nd 25.2%
Imports from Japan 22,778 7.2% 3rd 7.9%
Total merchandise trade (exports + imports) 79,058 11.9% 2nd 19.7%

Major Australian exports, 2018 (A$m) Major Australian imports, 2018 (A$m)
Coal 19,006 Passenger motor vehicles 8,260
Natural gas 18,712 Refined petroleum 3,132
Iron ores & concentrates 5,110 Goods vehicles 1,988
Beef, f.c.f. 2,269 Gold 1,956
Australia's trade in services with Japan, 2018 (A$m) Total share Rank Growth (yoy)
Exports of services to Japan 2,515 2.7% 9th 11.3%
Imports of services from Japan 4,189 4.3% 5th 13.2%
Major Australian services exports, 2018 (A$m) Major Australian services imports, 2018 (A$m)
Personal Travel excluding Education 1,028 Personal Travel excluding Education 2,466
Transport 499 Transport 1,134

Australia's investment relationship with Japan, 2018 (A$m) Total FDI

Australia's investment in Japan 112,996 1,313
Japan's investment in Australia 229,346 105,898
Japan's global merchandise trade relationships
Japan's principal export destinations, 2018 Japan's principal import sources, 2018
1 China 19.5% 1 China 23.2%
2 United States 19.1% 2 United States 11.2%
3 Republic of Korea 7.1% 3 Australia 6.1%
9 Australia 2.3% 4 Saudi Arabia 4.5%

Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
(a) Economic indicators data is from the IMF WEO where available, the EIU or other reputable source. Data may include forecasts or projections for recent years. GNI may be shown in lieu of GDP for countries where GDP data is unavailable.
(b) Merchandise trade data is based on published and unpublished ABS data. May exclude confidential items of trade. Totals may not add up due to rounding. Investment data is stocks as at end December.
All data may be subject to future revisions.
GDP - Gross Domestic Product PPP - Purchasing power parity GNI - Gross National Income na - Data is not available np - Data is not published .. - Data is not meaningful Primary - Primary goods STM - Simply transformed manufactures
ETM - Elaborately transformed manufactures Other - Other goods including non-monetary gold f.c.f. - Fresh, chilled or frozen nes - Not elsewhere specified